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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 165.13+1.1%Nov 26 3:59 PM EST

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To: Ruffian who wrote (52605)12/6/1999 9:30:00 AM
From: Jim Willie CB  Read Replies (1) of 152472
 
TA on theQ... got a daily stochastic crossover

in the recent past, not one such shorterm buy signal has failed us... been in brief discussions with Vendit about stochastics versus MACD

also, got a very clear bullish inverted triangle pattern, with two Cup&Handle patterns embedded inside... this is identical to the embedded C&H inside bull triangle seen in late October/ early November!!!

we are now at the handle of 390 threatening breakout... the pattern offers about 40-45 pts of thrust into the 400's... points to a target of about 430 plus/minus shorterm

daily stochastic measures how near the closing price has been relative to daily highs... when the fast crosses the smoothed, you got buy signal

MACD measures a shorter timespan moving average versus a slightly longer timespan MA... when the shorter crosses the longer, you got a buy signal

the MACD on QCOM has not yet crossed, but the daily stochastic just crossed on Friday

Vendit believes the MACD is the more reliable, with fewer false signals... he is probably right... I aint proud... but the stochastic has not failed me in recent months... so I must believe the MACD crossover signal is imminent, like a couple days away

by the way, the S&P500 is showing a MACD crossover as imminent

/ Jim Willie
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